What is the reason for the IPO of Qiule Seed Industry North Exchange, a national seed industry establishment enterprise, to raise 230 million yuan to promote biological breeding research and development?
Qiule Seed Industry is an agricultural science and technology company, mainly engaged in seed research and development, production and sales. According to the prospectus of Qiule Seed Industry, the company plans to raise 230 million yuan through this IPO to enhance the research and development of biological breeding. Specifically, these funds will be used for the following:
-Investing in the research and development and promotion of new varieties;
-Investing in the improvement and upgrading of existing varieties;
-Investing in research and application of biotechnology;
-Investing in the construction and technological transformation of production and processing facilities.